PRESS RELEASE Twelfth Defendant Charged in International Money Laundering Conspiracy Apprehended in New York Tuesday, April 25, 2023 For Immediate Release U.S. Attorney’s Office, District of Massachusetts BOSTON – A New York man was arrested today for his alleged involvement in a sophisticated international money laundering and drug trafficking organization […]
Link: OFAC Enforcement Release
FinCEN Assesses $1.5 Million Civil Money Penalty against Kingdom Trust Company for Violations of the Bank Secrecy Act Immediate Release April 26, 2023 WASHINGTON—The Financial Crimes Enforcement Network has assessed a $1.5 million civil money penalty on South Dakota-chartered The Kingdom Trust Company (Kingdom Trust) for willful violations of the Bank Secrecy […]
So, the DOJ lays out the overall picture: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, April 25, 2023 United States Obtains $629 Million Settlement with British American Tobacco to Resolve Illegal Sales to North Korea, Charges Facilitators in Illicit Tobacco Trade Cases Part of Greater Disruption […]
Link: BIS Press Release
Very unusual… maybe because it touched Crimea & Iran… or maybe because there was also an action from BIS… PRESS RELEASES Microsoft to Pay Over $3.3M in Total Combined Civil Penalties to BIS and OFAC to Resolve Alleged and Apparent Violations of U.S. Export Controls and Sanctions April 6, 2023 […]
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Microsoft Corporation Release Date 04/06/2023 The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) today announced a settlement with Microsoft Corporation (“Microsoft”), a multinational technology company headquartered in Redmond, Washington. Microsoft has […]
Links: OFAC Notice Enforcement Action
Here’s the web notice we’re used to seeing: and a bonus!… the settlement agreement: Links: OFAC Notice Settlement Web Notice
Press Release March 30, 2023 Federal Reserve Board fines Wells Fargo $67.8 million for inadequate oversight of sanctions risk at its subsidiary bank For release at 2:00 p.m. EDT The Federal Reserve Board on Thursday announced that it has fined Wells Fargo & Co., of San Francisco, California, $67.8 million […]
Mr. Watchlist 